−21% Lum1nar
2 BR · Apartment
About the building
Located in JVT District 2. Developer — Object One Real Estate Development. Architect — CVTEC Consulting Engineers.
What the building has
- Gym
- Shops
Where it is
JVT
The same idea as JVC, two storeys lower and considerably calmer: a grid of quiet streets where a townhouse costs what an apartment costs closer in.
- a townhouse at apartment money
- family tenants
- long tenancies
What to check: The community was built in phases and is still filling in. Check what stands on the plots around your street and what is permitted there — a quiet corner in JVT stops being quiet the moment the plot opposite starts building.
Full district guide →Questions and answers about lot NP1-420467
How much is this 2-bedroom apartment in Lum1nar?
Lot NP1-420467 is priced at AED 1 200 000, about $327 000. The listing does not state a size, so no price per square foot is given.
How much has the price of this lot been cut?
The price before the cut was AED 1 525 000; it is now AED 1 200 000 — AED 325 000 less, or 21%.
What are prices like in JVT?
The database holds 29 lots in JVT, starting from AED 549 000. The area median is AED 1 473 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 5 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JVT area guide →Is the property ready or still under construction?
The handover date in the listing is Q2 2028. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 48 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 800 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Lum1nar?
The building has 26 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP1-420467 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Lum1nar
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